If you're interested in contributing to a Roth IRA but your income exceeds IRS limits, you still have options to save for retirement in a tax-smart way.
Deciding when to claim Social Security retirement benefits is a complicated decision. But when two people are in the mix — particularly a couple where one spouse is the primary breadwinner — the decision may be even more complex.
If you’re among the millions of Americans scrambling to meet the tax deadline, it’s critical to avoid errors that may flag your return or even trigger an IRS audit.
There are various ways you may increase your benefits even after you claim. Here’s what you need to know about how you might be able to increase your monthly checks.
The Secure Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law on Dec. 20, 2019. It’s an important piece of retirement legislation that includes many reforms that could make saving for retirement easier and more accessible for many Americans.
You can take steps now to protect your income by being strategic about your Medicare coverage and planning ahead for how higher benefits could affect your taxes.
While not all employees have a 401(k) plan or similar workplace retirement option, those who do should know what happens to their account when they leave a job and what the options are — and aren’t.
As the year winds down, those looking to trim their tax bill may consider an individual retirement account contribution. Before transferring the funds, however, there are rules and limits investors need to know.
Most workers over age 40 don’t have sufficient retirement savings and aren’t setting aside enough to catch up, according to a survey from the Insured Retirement Institute.
When the onset of the Covid-19 pandemic sent shock waves through the U.S. economy, its also prompted worries about how the ensuing downturn could affect Social Security.
Even though they’ve been around for decades, 529 college savings plans are still often misunderstood. The investment vehicles are a tax-advantaged way to save for college or other schooling.
For some would-be homeowners, coming up with the cash to buy a house can be tricky. Depending on your situation, a Roth individual retirement account could help.
Those who make estimated tax payments are still on the hook for their first quarterly levy, which is due on the original tax filing deadline of April 15.
There's no simple, one-size-fits-all answer when it comes to timing a claim — your longevity, savings and any other sources of income become important factors. And yet, knowing when to take Social Security just might be the most important decision you’ll make as you head into retirement.
